Keep capital markets union simple

Karel Lannoo, Alan Pollack and Ole Stæhr

ECMI Papers from Centre for European Policy Studies

Abstract: The announcement of the creation of a capital markets union has led to a flurry of possible harmonisation proposals that could lead to new Action Plans that could preoccupy legislators for years to come. As underlined by Karel Lannoo and his colleagues in this new ECMI Commentary, however, a first step in any new legislative plan should be to set a clear objective, based on a thorough analysis of the reasons for the persistent differences in markets and a prioritisation of initiatives aimed at reaching more integration. Amongst these, they single out an initiative for an EU-wide, long-term savings product as warranting priority attention.

Pages: 2 pages
Date: 2015-07
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Persistent link: https://EconPapers.repec.org/RePEc:eps:ecmiwp:10803

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